Industry Analysis & Industry Trends
To say that the Piece Goods, Notions and Other Apparel Wholesaling industry has declined over the five years to 2013 would be an understatement. Rising import penetration has displaced the downstream demand for buttons, zippers and yard fabric from domestic distributors to international manufacturers. Additionally, wholesale bypass, which is the trend of downstream buyers sourcing directly from manufacturers to cut expenses, has constrained wholesalers' function in the domestic supply chain and eliminated many operators. Although the recovering economy will help the industry somewhat, these adverse trends are anticipated to continue in the coming years... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in a decline phase of its life cycle. Industry value added, which measures its contribution to the economy, is forecast to fall at an average annual rate of 2.7% over the 10 years to 2019. This is a stark contrast from the annual growth rate of GDP during this time, which IBISWorld expects to average 2.7% per year. During this period, wages and profit have declined, hurting the industry's overall contribution to the economy.
Total wages are expected to drop at an annualized rate of 2.5% over the ten years to 2019, due to a declining number of firms and automation of many wholesale jobs. Depreciation in this industry is expected to rise to 0.2% of industry revenue in 2019 as more companies invest in technology to save money on wage costs... purchase to read more